FALCON GOLD ACQUIRES WEST HAMMOND CONTACT PROPERTY, EXPANDING ITS STRATEGIC POSITION IN THE ATIKOKAN-HAMMOND REEF GOLD DISTRICT

Falcon Gold Corp. has entered into an Option Agreement to acquire a 100% interest in the West Hammond Contact Property for a total deal value of C$135,000. This transaction, announced on June 25, 2026, marks a significant step in Falcon's strategy to enhance its land position within the Atikokan-Hammond Reef Gold District in northwestern Ontario. The property consists of 156 mining claims that cover approximately 3,067.918 hectares, positioning Falcon to capitalize on the area's geological potential.

The West Hammond Contact Property is strategically located within a region known for its gold reserves, notably adjacent to the Hammond Reef Gold Deposit, which is reported to host approximately 3.3 million ounces of probable gold reserves. This acquisition complements Falcon's existing Central Canada Gold Project, allowing the company to consolidate its land holdings across multiple structural corridors associated with the district. The geological characteristics of the West Hammond Contact Property, including its location within the Finlayson Greenstone Belt and its proximity to key structural features like the Marmion Shear Zone, enhance its potential for gold exploration.

Falcon Gold Corp.'s acquisition of the West Hammond Contact Property aligns with its broader strategy of building a district-scale gold exploration portfolio. The company plans to invest C$600,000 in exploration activities over the four-year option period, which includes cash payments and the issuance of common shares. This systematic approach to exploration is intended to unlock value through the identification of new gold-bearing systems, leveraging historical exploration data that has already indicated multiple gold occurrences and geochemical anomalies on the property.

The mining sector in northwestern Ontario is experiencing increased interest from major companies and government stakeholders, reflecting the region's long-term potential for gold production. Falcon's strategic consolidation of land in the Atikokan-Hammond Reef Gold District positions it favorably to benefit from ongoing investments in the area. As exploration activities commence, Falcon aims to enhance its shareholder value through disciplined exploration and the discovery of new resources.

The West Hammond Contact Property acquisition underscores the growing trend of consolidation in the mining sector, particularly in regions with established geological potential. As companies like Falcon Gold Corp. pursue district-scale opportunities, the competitive landscape in the Atikokan-Hammond Reef Gold District is likely to intensify, potentially leading to further M&A activity and exploration initiatives. The successful execution of Falcon's exploration strategy could contribute to a more robust mining ecosystem in northwestern Ontario, benefiting both the company and the regional economy.